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Gravita India Ltd IPO (Gravita IPO) Detail

Nov 1, 2010 - Nov 3, 2010

Incorporated in 1992, Gravita India Ltd is engaged in the business of manufacturing of Lead Metal by Recycling & Smelting process & other lead products. Gravita India Ltd is flagship Company of the Gravita Group which was established in the year 1992 and has manufacturing set up at Jaipur. Company carry out smelting of Lead Ore / Lead Concentrate / Lead Battery Scrap to produce primary & secondary Lead Metal, which is further transformed into Pure Lead, Specific Lead Alloy, Lead Oxides (Lead Sub-Oxide, Red Lead, and Litharge) and Lead Products (Lead Sheets, Lead Pipes etc.) with proven technology and processes.

Gravita India manufacture multiple products related to lead which are mainly used in industries like battery, glass, ceramic, pharmaceutical, paint, electronic. Their main products Pure/ Refined Lead, Lead Ingots, Lead Alloys, Grey Oxide, Red Lead and Litharge. The Group have 9 Lead manufacturing units, out of which two are in Asia and five are in African continent. Apart from lead processing, the Gravita Group is engaged in merchant trade of Lead scrap, Lead ore, Lead concentrates, Lead battery scrap and Lead products.

The company has established subsidiaries and interests in Ghana, Senegal, Mozambique, Sri Lanka, Saudi Arabia, Zambia and Ethiopia. These cover the continents of Africa, Asia, Central America and CIS (Commonwealth of Independent States) countries. Gravita India has a wide spectrum of products in the lead metal industry starting from basic product as remelted lead ingot from battery recycling to high end value products such as pure lead, lead alloys, litharge, red lead, lead sub oxides, powder, sheets etc.

Company has a subsidiary Gravita Exim Limited, a company specializing in providing turnkey solutions and consultancy services on engineering and design for the secondary lead companies. They are specialize in producing high quality pure lead ingots with minimum purity level of 99.97% by weight.

Company Promoters:

The Promoters of the Company are:

1. Dr. Mahaveer Prasad Agarwal, aged 75 years, did his M.B.B.S. in 1956 and then M.D. in General Medicines.
2. Mr. Rajat Agrawal, the main Founder Director, aged 42 years is a Technocrat (BE in Mechanical).
3. Mr. Rajeev Surana, the other Founder Promoter Director, aged 40 years; a professional (BE in Mechanical).

Company Financials:

ParticularsFor the year/period ended (in Rs. Lakhs)
31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income16,697.3810,900.944,917.412,196.29393.52
Profit After Tax (PAT)1,398.23542.35261.85222.75113.64

Objects of the Issue:

The Object of the issue are:

1. To set up additional manufacturing facilities at Jaipur and new facility at Wada, Maharashtra in India;
2. To invest in overseas ventures at Sri Lanka- Navam Lanka Ltd, Senegal - Pagrik Senegal SA-Honduras-Gravita Honduras SA;
3. To invest in setting up manufacturing facilities at Australia, Belarus, Chile and Mexico;
4. To provide margin money for working capital requirement;
5. For general corporate purposes;
6. To meet the expenses of the issue;
7. To list the equity shares on the Stock Exchanges.

Gravita IPO Details

Issue OpenNov 1, 2010 - Nov 3, 2010
Issue TypeBook Built Issue IPO
Issue Size3,600,000 Eq Shares of Rs 10
(aggregating up to Rs 45.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 120 - Rs 125 Per Equity Share
Market Lot50 Shares
Min Order Quantity50 Shares
Listing AtBSE, NSE

Gravita India Ltd IPO Grading / Rating

Brickwork has assigned an IPO Grade 3 to Gravita India Ltd IPO. This means as per Brickwork company has 'Average Fundamentals'. Brickwork assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the Brickwork IPO Grading Document for Gravita India Ltd.

Check IPO Ratings from other stock analysts.

Gravita India Ltd IPO Tags:

Gravita India Ltd IPO, Gravita India IPO, Gravita India IPO Bidding, Gravita India IPO Allotment Status, Gravita India drhp and GGravita India Ltd IPO listing.

Gravita IPO Subscription Status (Bidding Detail)

Gravita IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

1,775,000

532,500

1,242,500

50,000

3,600,000

Nov 3, 2010 17:00

6.04x

182.52x

37.34x

1.17x

42.88x

Gravita IPO Prospectus

Gravita IPO Rating

639
4.0
Rating:Rated 4.0 stars

Vote Here ...

Gravita IPO Listing Date

  •   ›  Listing Date: Tuesday, November 16, 2010
  •   ›  BSE Script Code: 533282
  •   ›  NSE Symbol: GRAVITA
  •   ›  Listing In: B
  •   ›  ISIN: INE024L01027
  •   ›  Issue Price: Rs 125 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 125.00
Rs 218.75
Rs 205.00
Rs 255.00
Rs 210.40
25,358,133
NSE
Rs 125.00
Rs 201.10
Rs 201.10
Rs 253.20
Rs 209.70
39,539,057

Gravita IPO Reviews / Ratings

SBICAP Securities - Subscribe.

Company Contact Information

Gravita India Ltd
'Saurabh', Chittora Road,
Harsulia Mod, Diggi - Malpura,
Tehsil: Phagi, Jaipur 303 904, Rajasthan

Phone: +91-9928070682
Email: companysecretary@gravitaindia.com
Website: http://www.gravitaindia.com

Gravita IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: gravita.ipo@karvy.com
Website: https://karisma.karvy.com/

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Gravita IPO Review / Comments

avatar
817. navfame  Jan 26, 2011 20:34 I Like It. | Report Abuse
naveen malu

hello baba

dont panic..just call karvy branch in your city or hyderabad head office
.just tell them the application number and name..they shall intimate your refund status..most likely u will recieve refund by cheque by 23rdnovember..regards
avatar
816. BABU JI PUNJABI  Dec 10, 2010 09:44 I Like It. | Report Abuse
YET TO RECEIVE REFUND OF MY IPO APPLICATION. KARVY IS NOT RESPONDING PROPERLY. PLEASE ADVISE WHERE TO REGISTER COMPLAINT
avatar
815. Deep Kumar  Dec 3, 2010 14:18 I Like It. | Report Abuse
Dear PC Dave and Mahe,
Thanks for the supportive mails. I got my cheque today against Gravita India IPO.
Thanks and wishes
avatar
814. Mahe  Dec 1, 2010 19:39 I Like It. | Report Abuse
Dear Deep Kumar,

Received cheque for Gravita IPO Refund on Monday (29.11.2010). Hope u 2 will receive it soon.
avatar
813. Deep Kumar  Dec 1, 2010 15:44 I Like It. | Report Abuse
@ PCDave, thanks for responding.
I was wondering if there are people who know how to go about in such situation. Is there a grievance addressing mechanism that exists?
avatar
812. pcdave delhi  Dec 1, 2010 15:39 I Like It. | Report Abuse
@ Deep Kumar

I am facing problem with Power Grid refund...very pathetic situation...no one pick up phone at karvy...
avatar
811. Deep Kumar  Dec 1, 2010 15:30 I Like It. | Report Abuse
Hi,
I am yet to receive the refund from Karvy against the Gravita India IPO. I am told that the refund has been dispatched to my address through post. I was wondering if there are others who are facing the same problem.
avatar
810. R KUMAR  Nov 27, 2010 16:52 I Like It. | Report Abuse
sanjay ji
mere sath bhi same aap wali problem hai mera bhi refund nahi aya karvy wale kahte hai ki refund order 16 /11/2010 ko dispatch kar diya hai
avatar
809. sanjaygupta  Nov 27, 2010 15:21 I Like It. | Report Abuse
The lier carvywale saying that they have sent the refund through registered post on 16th but till now i also not recipt the refund. Carvey is the worst registrar in india so sebi should band this registrar with heavy penalty
avatar
808. rohit goel  Nov 25, 2010 17:19 I Like It. | Report Abuse
No till date I have not received my refund of Gravita India. I have also registered my grievance with SEBI and hoping for early solution.
avatar
807. RAVI IYER  Nov 25, 2010 13:50 I Like It. | Report Abuse
Dear Manojrmg,
How do you appy for more tahn one application.
Doesnt it get rejected
Ravi
avatar
806. Swati B  Nov 24, 2010 10:49 I Like It. | Report Abuse
Hi @803. rohit goel and 802. MS PRABU, have u recieved ur refund amount ? I'd applied through my icicidirect account but have still not recieved it..
avatar
805. rohit agrawal  Nov 23, 2010 14:46 I Like It. | Report Abuse
Hiiiiiiiiii

Plz Tell Me what was the Basis of Allotment in Gravita IPO
avatar
804. Swati B  Nov 23, 2010 11:17 I Like It. | Report Abuse
Hi...I have still not received my refund for Gravita IPO applied through ICICI demat account ? too new to this so don't know if this is a common scenario or not ...anyone else who is still waiting for the refund ?
avatar
803. GNM MNG  Nov 22, 2010 16:19 I Like It. | Report Abuse
I TOLD 2ND MIDFILD

TO DAY CLOSED 253.75

SHORT TIME 20 % CIRCUIT AND TGT RS.350/=

BUY AND MAKE MONEY
avatar
802. outsider  Nov 21, 2010 20:19 I Like It. | Report Abuse
i also not get refund(phsical order)
avatar
801. rohit goel  Nov 21, 2010 15:13 I Like It. | Report Abuse
I applied online through icicidirect.com for 200 shares of Gravita vide application 2290000041202210. But feel sorry to say that even after listing of the share in the stock exchange, till today i.e. 21.11.10, 4.10 p.m., the company officials/or its authorised registrar has failed to refund the money to the public. It is very hopeless action. I request the SEBI officials to intervene into the matter and help the public in taking back their refund and strict action should be taken against the erring officials /registrar so that these type of lapses may not happen again in future.
avatar
800. MS PRABU  Nov 21, 2010 08:01 I Like It. | Report Abuse
i too not yet recievd my refund.... this things has to be channelised to avoid these kinds of delay in future
avatar
799. baba singh  Nov 20, 2010 16:16 I Like It. | Report Abuse
manojrmg Nov 20, 2010 3:36:55 PM IST
Gravita India Limited
i am the luckiest person, applied 5 applications of 50 shares each, got allotment of 50 shares each in four of them


dear manoj baba singh here

i have aaplied for gravita but not get the refund
have u get the efund in all account
avatar
798. manojrmg  Nov 20, 2010 14:36 I Like It. | Report Abuse
i am the luckiest person, applied 5 applications of 50 shares each, got allotment of 50 shares each in four of them
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